As Telkom makes plans to list its masts and towers business, Swiftnet, next year, the unit is actively preparing for the mass deployment of 5G in South Africa.
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Telkom is considering strategic options for its IT business, including a partnership, it said on Tuesday.
The number of active fibre-to-the-home connections in Telkom’s network has leapt past the number of legacy copper connections.
Despite a weekend report of an approach by MTN Group, Telkom shares were trading lower on Monday, implying investors don’t believe a deal is imminent or even possible.
MTN Group recently expressed an interest in acquiring Telkom, Bloomberg News reported on Sunday, citing unnamed sources “familiar with the matter”.
Exclusive | The communications regulator is moving to defuse the looming court battle over its planned withdrawal of Covid-19 temporary spectrum.
Telkom has launched prepaid fibre, saying consumers who previously couldn’t apply for a broadband fibre line for credit-vetting reasons can now do so.
Less than three years after terminating its roaming agreement with MTN in favour of a similar arrangement with Vodacom, Telkom is back roaming on the MTN network.
Telkom said on Friday that it’s revenue will remain flat for the six months to end-September, despite the growing demand from consumers for broadband.
New research from Ookla shows that MTN is South Africa’s fastest mobile network by some margin, followed by Vodacom and Telkom.